$AGLD 🤑💰🔥💯

/USDT Technical Analysis

Current Price: $2.001 (-13.30%)

24h Range: $2.000 - $2.324

Volume: 9.59M AGLD / 20.48M USDT

Key Observations:

The price is hovering near the $2.000 support level, which has been tested multiple times in the past 24 hours.

Resistance is seen at $2.250, with sellers dominating above this level.

The 15-minute chart shows a descending trend, with lower highs forming, suggesting bearish momentum in the short term.

Indicators Analysis:

RSI: Near oversold territory, indicating potential for a short-term bounce.

MACD: Bearish crossover, confirming downward pressure.

Moving Averages: Price remains below the 50-MA and 200-MA, signaling a bearish trend.

Insights:

If the $2.000 support fails, the next downside target could be $1.950. However, a rebound from $2.000 could push the price back toward the $2.150-$2.200 range.

Traders should watch for volume surges and market sentiment, especially with AGLD’s growing connection to the NFT space. Stay cautious and set stop-loss levels!

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